Project Management Fundamentals
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Questions and Answers

What does the term 'Built Environment' refer to?

  • Buildings, structures, and surrounding infrastructure (correct)
  • Only structures
  • Natural landscapes
  • Only buildings

Why is project management increasingly important in business?

  • To increase the number of stakeholders
  • To reduce the need for project planning
  • To decrease project complexity
  • To improve project efficiency and success rates (correct)

What does the project life cycle involve?

  • All stages from planning to closing (correct)
  • Only project execution
  • Only project monitoring and control
  • Only project initiation

Why is it essential to understand the different meanings of project success?

<p>To align project goals with stakeholders' expectations (D)</p> Signup and view all the answers

In what way does the Built Environment influence daily lives?

<p>By reflecting cultural, economic, and environmental aspects (C)</p> Signup and view all the answers

What are some essential elements for driving project success?

<p>Effective risk management, good quality control, continual improvement (B)</p> Signup and view all the answers

In project management, which phase involves creating a unique product, service, or result within defined timelines and budget?

<p>Execution (B)</p> Signup and view all the answers

Which criteria are commonly used to measure project success?

<p>Quality, cost, safety (B)</p> Signup and view all the answers

What is critical to the success of projects in terms of bringing profits and competitive advantages to organizations?

<p>Continuous improvement efforts (A)</p> Signup and view all the answers

Which of the following is NOT an essential element driving project success according to the text?

<p>Strong stakeholder involvement (A)</p> Signup and view all the answers

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